Bangladesh
The flow of work
orders to the garment industry is rebounding strongly due to the reopening of
retail and branded stores in Europe and the US, the two main export
destinations for the apparel manufacturers in Bangladesh.
Local suppliers
estimate that their exports in the next summer might go up by 20 to 30%. The
production for the season runs from September to March. Bangladesh is strong in
the manufacturing of knitwear and woven clothes, which are mainly worn during
the days of summer and mild winters. Moreover, work orders are shifting to
Bangladesh from Myanmar and China because of the competitive prices offered by
the local items.
Faruque Hassan,
president of the Bangladesh Garment Manufacturers and
Exporters Association, said confidence in Bangladesh had been restored as local
manufacturers had been able to supply items to international retailers and
brands even during the pandemic.
Earnings from
garment shipment improved in recent months. The industry, which accounts for
about 85 per cent of the national exports, fetched $5.64 billion in July and
August, data from the state-run Export Promotion Bureau showed.
Source: The Daily Star
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Source: Google Images
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